$SIPC Income Statement

Sipp Industries, Inc. (SIPC)

Income Statement

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All numbers in thousands

Period Ending		Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014
Total Revenue		40	191	680	701
Cost of Revenue		–	68	267	262

Gross Profit		40	124	412	439

	Operating Expenses
	Research Development	–	–	–	–
	Selling General and Administrative	63	85	408	430
	Non Recurring	–	–	–	–
	Others	–	–	–	–

	Total Operating Expenses	–	–	–	–


Operating Income or Loss		(23)	39	5	9

	Income from Continuing Operations
	Total Other Income/Expenses Net	–	–	–	–
	Earnings Before Interest And Taxes	(23)	39	5	9
	Interest Expense	–	–	–	–
	Income Before Tax	(23)	39	5	9
	Income Tax Expense	–	–	–	–
	Minority Interest	–	–	–	–

	Net Income From Continuing Ops	(23)	39	5	9

	Non-recurring Events
	Discontinued Operations	–	–	–	–
	Extraordinary Items	–	–	–	–
	Effect Of Accounting Changes	–	–	–	–
	Other Items	–	–	–	–


Net Income		(23)	39	5	9
Preferred Stock And Other Adjustments		–	–	–	–

Net Income Applicable To Common Shares		(23)	39	5	9

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com